Fiscal Risk Management Tools for Latin America posted by Laura Torrent, Lesley Fisher, and Alvaro Manoel published by Public Financial Management Blog (6/2021).
“As a result of the COVID-19 pandemic, Latin American and Caribbean countries have suffered from reduced fiscal revenues in addition to increased spending, borrowing, called guarantees, and support for state-owned enterprises (SOEs). These trends have increased fiscal risks and deficits.[2] The pandemic has highlighted the need to strengthen fiscal management institutions and infrastructure to mitigate the negative impact on the countries’ growth and fiscal sustainability…”
